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Auswide Bank Ltd. ( (AU:ABA) ) just unveiled an update.
MyState Limited has reported a solid underlying net profit ahead of its merger with Auswide Bank, scheduled for implementation on February 19, 2025. Despite a challenging economic environment, MyState has grown its new customer base and maintained strong financial metrics, including a net promoter score of +55 and a total capital ratio increase to 17.0%. The company’s stable lending book and low arrears rates indicate resilience among its customers. The declaration of a fully franked interim dividend and a dividend reinvestment plan reflects MyState’s robust capital position, providing the capacity for future investment and growth.
More about Auswide Bank Ltd.
MyState Limited, listed on the Australian Securities Exchange (ASX) under the symbol MYS, is a diversified financial services group. It operates MyState Bank and TPT Wealth, a trustee and wealth management company. MyState Bank is regulated by the Australian Prudential Regulatory Authority and both entities hold Australian Financial Services Licences issued by the Australian Securities and Investments Commission.
YTD Price Performance: 5.36%
Average Trading Volume: 55,088
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$264M
See more data about ABA stock on TipRanks’ Stock Analysis page.
